Turning Hard Times Into Good Times

Alasdair Macleod and Eric Coffin return. A Minsky Moment is a sudden major collapse of asset values, which is part of the credit cycle. This radio show has no shortage of doom and gloom guests, some of which are high profile but not one of them carry as much weight as an institution like Morgan Stanley who is suggesting China may very well face their Minsky Moment, not unlike the one the U.S. faced in 2008. Alasdair Macleod will talk about malinvestment in China, which comes along with excessive debt money creation and what the possible impact will be on gold. Recent weakness in copper and iron ore prices is reportedly a result of a decline in credit creation in China. In light of the China story, we will ask Eric Coffin to comment on a copper company or two that can weather a worst case scenario for copper and also ask him for a couple of his top picks among gold exploration companies. Time permitting, your host will also comment on one or two of his top picks.